Microsoft Dynamics vendors provide comparisons and opinions to professionals in the ERP/Accounting software selection process

 
 

Posts Tagged ‘sales tax compliance’

Close is NOT Good Enough When It Comes to Sales Tax Compliance!

Close only counts in horseshoes, not in sales tax. Close in sales tax means either you aren’t collecting enough from your customer and are remitting too little to the taxing authorities, or you are overcharging your customer and face customer service issues. Either way, close is not good enough. Underpaying sales tax can prove to be costly. […]

continue reading...

Nexus: Where Ignorance May Not be Bliss

The definition of nexus, as it relates to taxes, is a substantial physical presence between a business and a state.  This presence is the trigger which determines that state is owed various taxes for helping that business establish a market.  As it relates to sales tax it is at this point, when a substantial physical […]

continue reading...

10 Sales Tax Tips for Your Business

With thousands of rate, rule, and boundary changes every year and an epic legal debate over e-commerce taxation, sales tax has never been more complicated. Yet at the same time, cash-strapped states are hiring more auditors and looking to make sure they collect every penny due to them. Those two factors combined make you more […]

continue reading...

Everything is Taxable until Proven Otherwise

All it takes is just one missing, expired, or incorrect sales tax exemption certificate for your business to be at risk of losing thousands of dollars in an audit.  While you might think this is a slight exaggeration, it has become a hard reality for many businesses. The truth is that your non-taxable sales are […]

continue reading...

Moving to the Cloud – Dynamics GP and Sales Tax Compliance

In our last post we discussed how Microsoft Dynamics GP, in conjunction with CCH's Sales Tax Solutions, can help organizations that face complex sales tax calculations.  Today we want to focus in a bit more on utilizing these solutions in the cloud. There are many reasons why an organization would want to move from a premise-based […]

continue reading...

Listen UP to the Recovering Accountant!

Convergence is coming and Mark Wilhelm, AKA The Recovering Accountant has some advice to share with Microsoft Dynamics users. Mark says, “When considering sales tax automation, here are the three things you MUST look for… A solution that reduces the risk of penalties; delivers multi-channel capability; and integrates seamlessly with Microsoft Dynamics.” Avalara, a Microsoft […]

continue reading...

Don’t Become a Sales Tax Castaway

Small and midsized businesses are disproportionately impacted by sales taxes. Sales taxes are an ongoing, constant, immediate tax levied regardless of other business activities and conditions. Overhead costs for sales tax management can include tax research time, collection and storage of customer exemption certificates, calculation and application of sales tax rate to transaction or invoice, […]

continue reading...

Nexus Laws Continue to Change: Sales Tax Automation Ensures Your Business Remains Compliant

Nexus for a business was originally interpreted as a business with a warehouse, retail location, sales person, or distribution center in a state. With expanded definitions being adopted by states, this definition can also include: Any associated business that shares the trademark or a substantially similar name (as is the case for Amazon’s distribution center […]

continue reading...